South Korea Total Debt: % of GDP
2008 - 2024 | Quarterly | % | CEIC Data
Key information about South Korea Total Debt: % of GDP
- South Korea Total Debt accounted for 703.3 % of the country's GDP in 2024, compared with the ratio of 701.8 % in the previous quarter.
- South Korea Total Debt: % of GDP data is updated quarterly, available from Dec 2008 to Sep 2024.
- The data reached an all-time high of 717.5 % in Sep 2022 and a record low of 532.4 % in Dec 2008.
CEIC calculates quarterly Total Debt as % of Nominal GDP from quarterly Total Debt and quarterly Nominal GDP. Total Debt is calculated as Total Liabilities less Equity & Investment Fund Shares and Financial Derivatives. Liabilities of the Rest of the World are subtracted from Total Liabilities. The Bank of Korea provides Total Debt in local currency and Nominal GDP in local currency.
View South Korea's Total Debt: % of GDP from Dec 2008 to Sep 2024 in the chart:
What was South Korea's Total Debt: % of GDP in Sep 2024?
South Korea Total Debt accounted for 703.3 % of the country's GDP in 2024, compared with the ratio of 701.8 % in the previous quarter. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 703.3 Sep 2024 | 701.8 Jun 2024 | 532.4 Dec 2008 | 717.5 Sep 2022 | % | quarterly | Dec 2008 - Sep 2024 |
Total Debt: % of GDP by Country Comparison
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Australia (%) | 263.6 Sep 2024 | quarterly | Jun 1988 - Sep 2024 |
| Austria (%) | 539.1 Sep 2024 | quarterly | Mar 1999 - Sep 2024 |
| Belgium (%) | 693.1 Sep 2024 | quarterly | Dec 1998 - Sep 2024 |
| Bulgaria (%) | 352.7 2023 | yearly | 1995 - 2023 |
| Canada (%) | 932.0 Sep 2024 | quarterly | Mar 1990 - Sep 2024 |
| Croatia (%) | 430.3 Sep 2024 | quarterly | Mar 2012 - Sep 2024 |
| Cyprus (%) | 1,391.2 2023 | yearly | 1995 - 2023 |
| Czech Republic (%) | 389.6 Sep 2024 | quarterly | Mar 2008 - Sep 2024 |
| Denmark (%) | 833.8 2023 | yearly | 1994 - 2023 |
| Estonia (%) | 371.0 Sep 2024 | quarterly | Dec 2003 - Sep 2024 |
| European Union (%) | 719.1 2022 | yearly | 2001 - 2022 |
| Finland (%) | 647.3 2023 | yearly | 1995 - 2023 |
| France (%) | 942.2 Sep 2024 | quarterly | Mar 1996 - Sep 2024 |
| Germany (%) | 604.7 Sep 2024 | quarterly | Mar 1999 - Sep 2024 |
| Greece (%) | 539.4 Jun 2024 | quarterly | Dec 1997 - Jun 2024 |
| Hungary (%) | 430.6 Sep 2024 | quarterly | Dec 1995 - Sep 2024 |
| Iceland (%) | 690.6 2022 | yearly | 2003 - 2022 |
| Ireland (%) | 964.6 Sep 2024 | quarterly | Mar 2002 - Sep 2024 |
| Italy (%) | 565.5 Sep 2024 | quarterly | Dec 1995 - Sep 2024 |
| Japan (%) | 1,277.2 Sep 2024 | quarterly | Jun 1998 - Sep 2024 |
| South Korea (%) | 703.3 Sep 2024 | quarterly | Dec 2008 - Sep 2024 |
| Latvia (%) | 343.0 Jun 2024 | quarterly | Mar 2004 - Jun 2024 |
| Lithuania (%) | 305.6 Sep 2024 | quarterly | Dec 1995 - Sep 2024 |
| Luxembourg (%) | 7,257.0 Sep 2024 | quarterly | Dec 1995 - Sep 2024 |
| North Macedonia (%) | 335.8 2023 | yearly | 2013 - 2023 |
| Malta (%) | 1,378.7 Sep 2024 | quarterly | Mar 2004 - Sep 2024 |
| Mexico (%) | 109.3 Sep 2024 | quarterly | Dec 2000 - Sep 2024 |
| Netherlands (%) | 973.5 Sep 2024 | quarterly | Mar 1999 - Sep 2024 |
| New Zealand (%) | 594.1 2022 | yearly | 2006 - 2022 |
| Norway (%) | 603.1 Sep 2024 | quarterly | Dec 1995 - Sep 2024 |
| Poland (%) | 290.7 Sep 2024 | quarterly | Mar 2004 - Sep 2024 |
| Portugal (%) | 463.3 Sep 2024 | quarterly | Dec 1995 - Sep 2024 |
| Romania (%) | 238.3 Sep 2024 | quarterly | Mar 2007 - Sep 2024 |
| Slovakia (%) | 373.4 Sep 2024 | quarterly | Dec 2012 - Sep 2024 |
| Slovenia (%) | 324.4 Sep 2024 | quarterly | Mar 2004 - Sep 2024 |
| Spain (%) | 567.9 Jun 2024 | quarterly | Dec 1995 - Jun 2024 |
| Sweden (%) | 774.3 Sep 2024 | quarterly | Mar 1996 - Sep 2024 |
| Switzerland (%) | 934.5 2023 | yearly | 1999 - 2023 |
| Taiwan (%) | 889.1 2023 | yearly | 2000 - 2023 |
| Turkey (%) | 253.2 Sep 2024 | quarterly | Dec 2014 - Sep 2024 |
| Ukraine (%) | 235.5 2021 | yearly | 2009 - 2021 |
| United Kingdom (%) | 871.1 Sep 2024 | quarterly | Mar 1987 - Sep 2024 |
| United States (%) | 722.0 Sep 2024 | quarterly | Dec 1951 - Sep 2024 |
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| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -2.3 Sep 2024 | quarterly | Jun 2000 - Sep 2024 |
| Consolidated Fiscal Balance (USD mn) | 1,637.253 Nov 2024 | monthly | Jul 1999 - Nov 2024 |
| Tax Revenue (USD mn) | 15,842.067 Nov 2024 | monthly | Jan 2000 - Nov 2024 |
| Tax Revenue: % of GDP (%) | 13.5 Sep 2024 | quarterly | Mar 2000 - Sep 2024 |
| National Government Debt (USD mn) | 873,499.9 Sep 2024 | quarterly | Sep 2002 - Sep 2024 |
| Government Debt: % of GDP (%) | 45.7 Sep 2024 | quarterly | Sep 2002 - Sep 2024 |
| Forecast: Government Expenditure (KRW bn) | 700,035.486 2029 | yearly | 1995 - 2029 |
| Forecast: Government Net Debt (KRW bn) | 1,793,717.560 2029 | yearly | 1990 - 2029 |
| Forecast: Government Revenue (KRW bn) | 701,179.384 2029 | yearly | 1995 - 2029 |
| National Debt (ND) (KRW bn) | 1,126,800.000 2023 | yearly | 1997 - 2023 |
| Central Govt Debt (KRW bn) | 1,148,640.000 Sep 2024 | quarterly | Sep 2002 - Sep 2024 |
| Central Govt Debt: Foreign (KRW bn) | 11,321.000 Sep 2024 | quarterly | Dec 2002 - Sep 2024 |
| Central Govt Debt: Short-Term (KRW bn) | 0.000 Sep 2024 | quarterly | Sep 2002 - Sep 2024 |
| Central Govt Debt: Domestic (KRW bn) | 1,137,319.000 Sep 2024 | quarterly | Dec 2002 - Sep 2024 |
| Central Govt Debt: Medium & Long Term (KRW bn) | 1,148,445.000 Sep 2024 | quarterly | Sep 2002 - Sep 2024 |
| Central Govt Debt (KRW bn) | 1,159,500.000 Nov 2024 | monthly | Jan 2014 - Nov 2024 |
| Public Sector Debt (KRW bn) | 1,673,300.000 2023 | yearly | 2011 - 2023 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 3.037 2029 | yearly | 1980 - 2029 |
| Trade Balance (USD mn) | -1,887.0 Jan 2025 | monthly | Jan 1966 - Jan 2025 |
| Total Exports (USD mn) | 49,117.0 Jan 2025 | monthly | Jan 1966 - Jan 2025 |
| Total Exports Growth (%) | -10.2 Jan 2025 | monthly | Jan 1967 - Jan 2025 |
| Aluminum: Exports (USD th) | 3,728,290.173 2023 | yearly | 1995 - 2023 |
| Exports: Medicament (USD th) | 1,033,252.045 2023 | yearly | 1995 - 2023 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 8,582,131.205 2023 | yearly | 1995 - 2023 |
| Total Imports (USD mn) | 51,004.0 Jan 2025 | monthly | Jan 1966 - Jan 2025 |
| Total Imports Growth (%) | -6.4 Jan 2025 | monthly | Jan 1967 - Jan 2025 |
| Imports: Medicament (USD th) | 4,791,545.717 2023 | yearly | 1995 - 2023 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 6,039,256.682 2023 | yearly | 1995 - 2023 |
| Total Exports to USA (USD mn) | 9,291.476 Jan 2025 | monthly | Apr 1964 - Jan 2025 |
| Total Imports from USA (USD mn) | 5,830.960 Jan 2025 | monthly | Apr 1964 - Jan 2025 |
| Total Exports to China (USD mn) | 9,195.436 Jan 2025 | monthly | Jan 1988 - Jan 2025 |
| Total Imports from China (USD mn) | 11,200.304 Jan 2025 | monthly | Jan 1988 - Jan 2025 |
| Trade Balance: First 10 days (USD mn) | -2,967.272 Jan 2025 | monthly | Jan 2016 - Jan 2025 |
| Imports: First 10 days (USD mn) | 18,971.564 Jan 2025 | monthly | Jan 2016 - Jan 2025 |
| Exports: First 10 days (USD mn) | 16,004.292 Jan 2025 | monthly | Jan 2016 - Jan 2025 |
| Imports: Middle East: Qatar (USD th) | 1,191,749.000 Dec 2024 | monthly | Jan 1993 - Dec 2024 |
| Imports: Natural Gas: Quantity (Ton th) | 4,552.00 Feb 2018 | monthly | Nov 1990 - Feb 2018 |
| Motor Vehicle: Exports (Unit) | 199,663.000 Jan 2025 | monthly | Jan 1981 - Jan 2025 |
| Export Value Index (2015=100) | 122.334 2021 | yearly | 1980 - 2021 |
| Import Value Index (2015=100) | 140.915 2021 | yearly | 1980 - 2021 |
| Balance of Payments | Last | Frequency | Range |
|---|---|---|---|
| Direct Investment Abroad (USD mn) | 6,952.0 Dec 2024 | monthly | Jan 1980 - Dec 2024 |
| Current Account Balance (USD mn) | 9,608.5 Dec 2024 | monthly | Jan 1980 - Dec 2024 |
| Current Account Balance: % of GDP (USD mn) | 9,608.5 Dec 2024 | monthly | Jan 1980 - Dec 2024 |
| Foreign Direct Investment (USD mn) | 2,558.8 Jun 2023 | monthly | Jan 1980 - Jun 2023 |
| Foreign Direct Investment: % of GDP (%) | 1.4 Sep 2024 | quarterly | Mar 1980 - Sep 2024 |
| Foreign Portfolio Investment (USD mn) | -4,888.900 Dec 2024 | quarterly | Mar 1980 - Dec 2024 |
| Foreign Portfolio Investment: % of GDP (%) | 1.1 Sep 2024 | quarterly | Mar 1980 - Sep 2024 |
| Foreign Portfolio Investment: Equity Securities (USD mn) | -9,913.5 Dec 2024 | quarterly | Mar 1980 - Dec 2024 |
| Foreign Portfolio Investment: Debt Securities (USD mn) | 5,024.600 Dec 2024 | quarterly | Mar 1980 - Dec 2024 |
| External Debt (USD mn) | 702,682.9 Sep 2024 | quarterly | Dec 1994 - Sep 2024 |
| External Debt: % of GDP (%) | 36.6 2023 | yearly | 1994 - 2023 |
| External Debt: Short Term (USD mn) | 158,725.6 Sep 2024 | quarterly | Dec 1994 - Sep 2024 |
| External Debt: Short Term: % of GDP (%) | 7.7 2023 | yearly | 1994 - 2023 |
| Total Debt: % of GDP (%) | 703.3 Sep 2024 | quarterly | Dec 2008 - Sep 2024 |
| Forecast: Current Account Balance (USD bn) | 97.775 2029 | yearly | 1980 - 2029 |
| Net International Investment Position (USD mn) | 977,820.900 Sep 2024 | quarterly | Dec 1994 - Sep 2024 |
| BoP: CA: G&S: Goods: Exports fob (USD mn) | 53,778.700 May 2018 | monthly | Jan 1980 - May 2018 |
| BoP: CA: G&S: Goods: Imports fob (USD mn) | 42,392.700 May 2018 | monthly | Jan 1980 - May 2018 |
| BoP: CA: G&S: Services (SV) (USD mn) | -2,093.900 May 2018 | monthly | Jan 1980 - May 2018 |
| BoP: CA: G&S: SV: Credit (USD mn) | 8,183.800 May 2018 | monthly | Jan 1980 - May 2018 |
| BoP: CA: G&S: SV: Debit (USD mn) | 10,277.700 May 2018 | monthly | Jan 1980 - May 2018 |
| BoP: CA: Secondary Incomes: Credit (USD mn) | 873.600 May 2018 | monthly | Jan 1980 - May 2018 |
| BoP: CA: Secondary Incomes: Debit (USD mn) | 1,713.900 May 2018 | monthly | Jan 1980 - May 2018 |
| BoP: CF: FA: Direct Investment (DI) (USD mn) | 6,056.900 May 2018 | monthly | Jan 1980 - May 2018 |
| BoP: CF: FA: DI: Direct Investment Assets (USD mn) | 6,294.200 May 2018 | monthly | Jan 1980 - May 2018 |
| BoP: CF: FA: Portfolio Investment (PI) (USD mn) | 407.400 May 2018 | monthly | Jan 1980 - May 2018 |
| BoP: CF: FA: PI: Portfolio Investment Asset (PIA) (USD mn) | 3,416.100 May 2018 | monthly | Jan 1980 - May 2018 |
| BoP: CF: FA: PI: Portfolio Investment Liabilities (PIL) (USD mn) | 3,008.700 May 2018 | monthly | Jan 1980 - May 2018 |
| BoP: CF: FA: Financial Derivatives (FD) (USD mn) | -484.100 May 2018 | monthly | Mar 1987 - May 2018 |
| BoP: CF: FA: FD: Assets (USD mn) | -4,690.900 May 2018 | monthly | Mar 1987 - May 2018 |
| BoP: CF: FA: FD: Liabilities (USD mn) | -4,206.800 May 2018 | monthly | Mar 1987 - May 2018 |
| BoP: CF: FA: Other Investment (OI) (USD mn) | -2,828.400 May 2018 | monthly | Jan 1980 - May 2018 |
| BoP: CF: FA: OI: Other Investment Assets (OIA) (USD mn) | 4,833.400 May 2018 | monthly | Jan 1980 - May 2018 |
| BoP: CF: FA: OI: Other Investment Liabilities (OIL) (USD mn) | 7,661.800 May 2018 | monthly | Jan 1980 - May 2018 |
| BoP: sa: CA: Secondary Income: Credit (USD mn) | 937.400 Dec 2024 | monthly | Jan 1980 - Dec 2024 |
| BoP: sa: CA: Primary Income: Credit (USD mn) | 5,930.600 Dec 2024 | monthly | Jan 1980 - Dec 2024 |
| BoP: sa: CA: G&S: Services: Debit (USD mn) | 13,179.700 Dec 2024 | monthly | Jan 1980 - Dec 2024 |
| BoP: sa: CA: G&S: Goods: Imports fob (USD mn) | 50,966.600 Dec 2024 | monthly | Jan 1980 - Dec 2024 |
| BoP: sa: CA: G&S: Goods (USD mn) | 8,957.300 Dec 2024 | monthly | Jan 1980 - Dec 2024 |
| BoP: sa: CA: G&S: Services (USD mn) | -1,486.300 Dec 2024 | monthly | Jan 1980 - Dec 2024 |
| BoP: sa: CA: G&S: Goods: Exports fob (USD mn) | 59,923.900 Dec 2024 | monthly | Jan 1980 - Dec 2024 |
| BoP: sa: CA: Primary Income: Debit (USD mn) | 3,368.200 Dec 2024 | monthly | Jan 1980 - Dec 2024 |
| BoP: sa: CA: Secondary Income: Debit (USD mn) | 1,362.300 Dec 2024 | monthly | Jan 1980 - Dec 2024 |
| BoP: sa: CA: Secondary Income (USD mn) | -424.900 Dec 2024 | monthly | Jan 1980 - Dec 2024 |
| BoP: sa: CA: Primary Income (USD mn) | 2,562.400 Dec 2024 | monthly | Jan 1980 - Dec 2024 |
| BoP: sa: CA: G&S: Services: Credit (USD mn) | 11,693.400 Dec 2024 | monthly | Jan 1980 - Dec 2024 |
| International Investment Position: Liabilities (USD mn) | 1,535,689.700 Sep 2024 | quarterly | Dec 1994 - Sep 2024 |
| International Investment Position: Net (USD mn) | 977,820.900 Sep 2024 | quarterly | Dec 1994 - Sep 2024 |
| International Investment Position: Assets (USD mn) | 2,513,510.600 Sep 2024 | quarterly | Dec 1994 - Sep 2024 |
| External Debt: Gross: Long Term (LT) (USD mn) | 543,957.300 Sep 2024 | quarterly | Dec 1994 - Sep 2024 |
| Outward Direct Investment: Total Invested (USD mn) | 4,330.272 Sep 2024 | monthly | Jan 1981 - Sep 2024 |
| ODI: Total Invested: Real Estate (USD mn) | 725,563.42 Jun 2018 | monthly | Dec 1980 - Jun 2018 |
| Smalll Business Health Index (SBHI): Economic Outlook (EO) (Index) | 64.400 Jan 2025 | monthly | Jan 2015 - Jan 2025 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 0.4 Sep 2024 | quarterly | Jun 2001 - Sep 2024 |
| Household Debt: % of GDP (%) | 93.7 Sep 2024 | quarterly | Dec 2002 - Sep 2024 |
| Non-Performing Loans (USD mn) | 8,138.926 Sep 2024 | quarterly | Jun 2001 - Sep 2024 |
| Money Supply M1 (USD mn) | 900,111.740 Nov 2024 | monthly | Jan 1970 - Nov 2024 |
| Money Supply M2 (USD mn) | 2,961,333.939 Nov 2024 | monthly | Jan 1970 - Nov 2024 |
| M2 Growth (%) | 6.2 Nov 2024 | monthly | Jan 1971 - Nov 2024 |
| Reserve Requirement Ratio (%) | 7.0 Jan 2025 | monthly | Nov 1979 - Jan 2025 |
| Foreign Exchange Reserves (USD mn) | 387,316.3 Jan 2025 | monthly | Dec 1956 - Jan 2025 |
| Foreign Exchange Reserves: % of GDP (%) | 7.000 Jan 2025 | monthly | Nov 1979 - Jan 2025 |
| Foreign Exchange Reserves: Months of Import (NA) | 7.6 Jan 2025 | monthly | Jan 1971 - Jan 2025 |
| Gold Reserves (USD mn) | 4,794.759 Jan 2025 | monthly | Dec 1956 - Jan 2025 |
| Total Deposits (USD mn) | 1,891,590.920 Nov 2024 | monthly | Sep 1992 - Nov 2024 |
| Total Deposits Growth (%) | 4.9 Nov 2024 | monthly | Sep 1993 - Nov 2024 |
| Domestic Credit (USD mn) | 3,443,012.8 Nov 2024 | monthly | Dec 2001 - Nov 2024 |
| Domestic Credit Growth (%) | 5.0 Nov 2024 | monthly | Dec 2002 - Nov 2024 |
| Debt Service Ratio: Households (%) | 11.200 Jun 2024 | quarterly | Mar 1999 - Jun 2024 |
| Debt Service Ratio: Private Non-Financial Sector (%) | 20.500 Jun 2024 | quarterly | Mar 1999 - Jun 2024 |
| Credit to Households (USD bn) | 1,643.285 Jun 2024 | quarterly | Dec 1962 - Jun 2024 |
| Credit to Private Non-Financial Sector (USD bn) | 3,655.999 Jun 2024 | quarterly | Dec 1962 - Jun 2024 |
| Household Debt (USD mn) | 1,742,901.9 Mar 2023 | quarterly | Dec 2002 - Mar 2023 |
| Total Loans (USD mn) | 1,716,527.248 Nov 2024 | monthly | Jan 1965 - Nov 2024 |
| Total Loans Growth (%) | 5.79 Nov 2024 | monthly | Jan 1966 - Nov 2024 |
| Private Debt: % of Nominal GDP (%) | 162.16 Sep 2024 | quarterly | Mar 1991 - Sep 2024 |
| Money Supply: New M2: Certificate of Deposit (KRW bn) | 24,533.00 Mar 2018 | monthly | Jun 1984 - Mar 2018 |
| Money Supply: New M1: sa (KRW bn) | 1,257,447.100 Nov 2024 | monthly | Jan 1970 - Nov 2024 |
| Money Supply: New M2: sa (KRW bn) | 4,136,953.900 Nov 2024 | monthly | Jan 1970 - Nov 2024 |
| Deposits: CSB: Households (KRW bn) | 614,344.50 Mar 2018 | monthly | Jan 1975 - Mar 2018 |
| Deposits: CSB: Corporations (KRW bn) | 396,621.30 Mar 2018 | monthly | Jan 1975 - Mar 2018 |
| Loans of CSBs: CH: Corporate (KRW bn) | 796,021.70 Mar 2018 | monthly | Dec 2006 - Mar 2018 |
| Loans of Commercial and Specialized Banks (CSB): Total (KRW bn) | 1,525,815.40 Mar 2018 | monthly | Jan 1965 - Mar 2018 |
| Loans of CSBs: CH: Household: Mortgage (KRW tn) | 904.300 Jan 2025 | monthly | Dec 2013 - Jan 2025 |
| Loans of CSBs: Corporate and Household (CH) (KRW tn) | 2,463.400 Jan 2025 | monthly | Dec 2013 - Jan 2025 |
| Loans of CSBs: CH: Household (KRW tn) | 1,140.500 Jan 2025 | monthly | Dec 2013 - Jan 2025 |
| KR: Non-performing Loans (NPL): Commercial & Specialized Banks (KRW bn) | 12,186.500 Dec 2018 | quarterly | Jun 2001 - Dec 2018 |
More Indicators for South Korea
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